Many bids on Nigeria-São Tomé oil blocks
A total of 23 oil companies have placed bids to obtain licences for five blocks in the deepwater zone jointly managed by São Tomé and Nigeria. According to the Nigerian government, mostly smaller oil companies participated in the bid round. If the applicants are qualified for a licence will be gazetted by the end of the year…. Read More ›
Nigeria rates seen on hold, credit growth key
Nigeria’s monetary policy committee is expected to leave interest rates at 6 percent on Tuesday but could take further steps to boost credit growth in sub-Saharan Africa’s number two economy, analysts say. Reviving credit in Africa’s most populous country has been a key objective of the central bank (CBN) since… Read More ›
Many birds on Nigeria-Sao Tome oil blocks
A total of 23 oil companies have placed bids to obtain licences for five blocks in the deepwater zone jointly managed by Sao Tome and Nigeria. According to the Nigerian government, mostly smaller oil companies participated in the bid round. If the applicants are qualified for… Read More ›